Abbey gets to US ahead of $40bn September rush
Abbey National took advantage of quiet conditions in the US market to make a triumphant return to dollars on Tuesday, with a $1bn five year senior deal that was more than three times oversubscribed.
Bankers on the transaction said the choice of timing was driven partly by the relatively benign market tone and partly by a desire to avoid an expected issuance rush in September.
“There are a lot of variables that could impact the market between now and the Tuesday after
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